Post by Merricks Capital

Periods of credit tightening rarely arrive gradually, instead emerging through short bursts of volatility that reshape borrower behaviour and capital availability. As credit spreads widened approximately 17bps (iTraxx AU CDS) through March before fully retracing this month, the practical impact of recent geopolitical uncertainty is a shift in pipeline borrower behaviour, sponsors are increasingly prioritising certainty of funding rather than shopping term sheets. Click the link below to read this week's market review in full. https://lnkd.in/gdGJMYmz